Sam Callahan: Bitcoin Doesn’t Need Rate Cuts to Succeed - CryptoRank
Sam Callahan: Bitcoin Doesn’t Need Rate Cuts to Succeed - CryptoRank
Source: CryptoRank
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DW NOTE
Sam Callahan is correct that Bitcoin doesn't require rate cuts, but the stronger claim is that it doesn't require accommodative policy at all. Bitcoin survived zero rates because the Fed was buying $120 billion in bonds monthly and commercial banks were parking $3 trillion in reverse repos — liquidity without consequence. Now the 10-year yield is 5.15%, the Fed holds rates at 3.75%, and Bitcoin still trades. The asset thesis was always about escaping monetary discretion, not surfing its most generous phase.